Tuesday, February 19, 2019
NQ Guideline For Wednesday
NQ traded sideways in a narrow trading range below key resistance, the 200-dma on the daily chart, now at around 7100. Failure to clearly break above the 7100 level soon could trigger profit-taking and short-selling that could tank NQ down hard.
On the short-term intraday timeframe, on Wednesday NQ key resistance is at 7100 and key support is at 7060. A clear breakout of the range could cause a trending move out of the range.